Common use of RESPECT FOR EXISTING AGREEMENTS Clause in Contracts

RESPECT FOR EXISTING AGREEMENTS. Existing enterprise schemes that cover all groups of employees covered by this collective agreement may take the place of Pension for salaried employees – PFA Pension under the following conditions: Contributions to the scheme must always be at least equal to the contribution stipulated in the collective agreement, and they must at least provide the insured (or their dependants) with an old age pension, cf. below, and a one-off sum of DKK 60,000 in the event of death or disability. If these conditions are not satisfied at the outset, the enterprise must make efforts to ensure that the scheme is modified. In connection with any future modifications to contribution levels, the enterprise may withhold an amount of the employee’s pay equal to the employee’s contribution to the pension scheme stipulated in the collective agreement. At least 50 per cent of the contribution to a pension scheme shall be used for a lifelong benefit (annuity). Where a pension is phased in, payments shall first be made to the insurance elements stipulated in the collective agreement, such that the proportion of the pension contribution to be used for an annuity may be less than 50 per cent. The above requirement applies to all pension schemes covered by the Shop Workers’ Collective Agreement. Pension agreements already entered into at enterprises covered by the collective agreement, where the pension contribution to an instalment and/or capital pension exceeds 50 per cent, may be retained. Similarly, agreements entered into with parts of capital chains covered by the collective agreement and members of Dansk Erhverv Arbejdsgiver that differ from the above may be retained by shops/departments owned by the same capital chain that were not covered by the collective agreement at the outset. Enterprises covered by the collective agreement in the future – whether they are current or future members of Dansk Erhverv Arbejdsgiver – will fall under a pension obligation from the date on which the collective agreement comes into force. The conditions under which existing pension agreements entered into for such enterprises may be considered to satisfy the pension obligations laid down in the collective agreement are that the agreements should have been entered into before the request for a collective agreement was made, that the conditions listed above concerning compliance with other agreements should be satisfied (requirements relating to the benefit structure), and that any modification to the agreements that may be needed should be made no later than six months after the collective agreement has entered into force. In groups, the same principles of compliance with existing agreements shall apply as in enterprises in general in relation to this agreement. However, an enterprise within a group that is covered by the collective agreement but does not have an existing pension agreement may meet the pension obligation set out in the collective agreement via an existing pension agreement applied elsewhere in the group. This shall only apply, however, if this agreement is generally applied within the group, and if the agreement in the enterprise concerned covers all employees under the collective agreement in that enterprise.

RESPECT FOR EXISTING AGREEMENTS. Existing enterprise company schemes that cover all groups of employees covered by this collective agreement may take the place of Pension for salaried employees – PFA Pension under the following conditions: Contributions to the scheme must always be at least equal to the contribution stipulated in the collective agreement, and they must at least provide the insured (or their dependants) with an old age pension, cf. below, and a one-off sum of DKK 60,000 in the event of death or disability. If these conditions are not satisfied at the outset, the enterprise must company shall make efforts to ensure that the scheme is modified. In connection with any future modifications to contribution levels, the enterprise company may withhold an amount of the employee’s pay equal to the employee’s contribution to the pension scheme stipulated in the collective agreement. At least 50 per cent of the contribution to a pension scheme shall be used for a lifelong benefit (annuity). Where a pension is phased in, payments shall first be made to the insurance elements stipulated in the collective agreement, such that the proportion of the pension contribution to be used for an annuity may be less than 50 per cent. The above requirement applies to all pension schemes covered by the Shop Workers’ Collective Agreement. Pension agreements already entered into at enterprises companies covered by the collective agreement, where the pension contribution to an instalment and/or capital pension exceeds 50 per cent, may be retained. Similarly, agreements entered into with parts of capital chains covered by the collective agreement and members of Dansk Erhverv Arbejdsgiver that differ from the above may be retained by shops/departments owned by the same capital chain that were not covered by the collective agreement at the outset. Enterprises Companies covered by the collective agreement in the future – whether they are current or future members of Dansk Erhverv Arbejdsgiver – will fall under a pension obligation from the date on which the collective agreement comes into force. The conditions under which existing pension agreements entered into for such enterprises companies may be considered to satisfy the pension obligations laid down in the collective agreement are that the agreements should have been entered into before the request for a collective agreement was made, that the conditions listed above concerning compliance with other agreements should be satisfied (requirements relating to the benefit structure), and that any modification to the agreements that may be needed should be made no later than six months after the collective agreement has entered into force. In groups, the same principles of compliance with existing agreements shall apply as in enterprises companies in general in relation to this agreement. However, an enterprise a company within a group that is covered by the collective agreement but does not have an existing pension agreement may meet the pension obligation set out in the collective agreement via an existing pension agreement applied elsewhere in the group. This shall only apply, however, if this agreement is generally applied within the group, and if the agreement in the enterprise company concerned covers all employees under the collective agreement in that enterprisecompany.

RESPECT FOR EXISTING AGREEMENTS. Existing enterprise schemes that cover all of the groups of employees covered by this collective agreement may take the place of Pension for salaried employees – PFA Pension under the following conditions: Contributions to the scheme must always be at least equal to the contribution stipulated in the collective agreement, and they must at least provide the insured (or their dependants) with an old old-age pension, cf. below, and a one-off sum of DKK 60,000 in the event of death or disability. If these conditions are not satisfied at the outset, the enterprise must shall make efforts to ensure that the scheme is modified. In connection with any future modifications to contribution levels, the enterprise may withhold an amount of the employee’s pay equal to the employee’s contribution to the pension scheme stipulated in the collective agreement. At least 50 per cent of the contribution to a pension scheme shall be used for a lifelong benefit (annuity). Where a pension is phased in, payments shall first be made to the insurance elements stipulated in the collective agreement, such that the proportion of the pension contribution to be used for an annuity may be less than 50 per cent. The above requirement applies to all pension schemes covered by the Shop WorkersSalaried Employees’ Collective Agreement. Pension agreements already entered into at enterprises covered by the collective agreement, where the pension contribution to an instalment and/or capital pension exceeds 50 per cent, may be retained. Similarly, agreements entered into with parts of capital chains covered by the collective agreement and members of Dansk Erhverv Arbejdsgiver that differ from the above may be retained by shops/departments owned by the same capital chain that were not covered by the collective agreement at the outset. Enterprises covered by the collective agreement in the future – whether they are current or future members of Dansk Erhverv Arbejdsgiver – will fall under a pension obligation from the date on which the collective agreement comes into force. The conditions under which existing pension agreements entered into for such enterprises may be considered to satisfy the pension obligations laid down in the collective agreement are that the agreements should have been entered into before the request for a collective agreement was made, that the conditions listed above concerning compliance with other agreements should be satisfied (requirements relating to the benefit structure), and that any modification to the agreements that may be needed should be made no later than six months after the collective agreement has entered into force. In groups, the same principles of compliance with existing agreements shall apply as in enterprises in general in relation to this agreement. However, an a enterprise within a group that is covered by the collective agreement but does not have an existing pension agreement may meet the pension obligation set out in the collective agreement via an existing pension agreement applied elsewhere in the group. This shall only apply, however, if this agreement is generally applied within the group, and if the agreement in the enterprise concerned covers all employees under the collective agreement in that enterprise.

RESPECT FOR EXISTING AGREEMENTS. Existing enterprise company schemes that cover all of the groups of employees covered by this collective agreement may take the place of replace Pension for salaried employees Salaried Employees – PFA Pension under the following conditions: Contributions to the scheme must always be at least equal to the contribution stipulated in the collective agreement, and they must at least provide the insured (or their dependants) with an old age pension, cf. see below, and a one-off lump sum of DKK 60,000 in the event of death or disability. If these conditions are not satisfied at the outset, the enterprise must make efforts to muse ensure that the scheme is modified. In connection with any future modifications to adjustments of contribution levels, the enterprise may withhold an amount of the employee’s pay equal to the employee’s contribution to the pension scheme stipulated in the collective agreement. At least 50 per cent of the contribution to a pension scheme shall must be used for a lifelong benefit (annuity). Where a pension is phased in, payments shall must first be made to the insurance elements stipulated in the collective agreement, such that the proportion of the pension contribution to be used for an annuity may be less than 50 per cent. The above requirement applies to all pension schemes covered by the Shop WorkersSalaried Employees’ Collective Agreement. Pension agreements already entered into at enterprises covered by the collective agreement, where the pension contribution to an instalment and/or capital pension exceeds 50 per cent, may be retained. Similarly, agreements entered into with parts of capital chains covered by the collective agreement and members of Dansk Erhverv Arbejdsgiver that differ from the above may be retained by shops/departments owned by the same capital chain that were not covered by the collective agreement at the outset. Enterprises covered by the collective agreement in the future – whether they are current or future members of Dansk Erhverv Arbejdsgiver – will fall under a pension obligation from the date on which the collective agreement comes into force. The conditions under which that existing pension agreements entered into for by such enterprises may be considered to satisfy the pension obligations laid down in of the collective agreement are that the agreements should have been entered into before the request for a collective agreement was made, that the conditions listed above concerning compliance with other agreements should be have been satisfied (requirements relating to the benefit structure), and that any modification to necessary adjustment of the agreements that may be needed should be is made no later than six months after the collective agreement has entered into force. In groups, the same principles of compliance with existing agreements shall apply applies as in the enterprises in general in relation to this agreement. However, an enterprise within a group that is covered by the collective agreement but does not have an existing pension agreement may meet the pension obligation set out in the collective agreement via an existing pension agreement applied elsewhere in the group. This shall only applyapplies, however, if this agreement is generally applied within the group, and if the agreement in the said enterprise concerned covers all employees under the collective agreement in that enterprise.

RESPECT FOR EXISTING AGREEMENTS. Existing enterprise company schemes that cover all the entire employee groups of employees covered by this collective agreement may take the place of can replace Pension for salaried employees Pension for Salaried Employees – PFA Pension under the following conditions: Contributions to The contribution in the scheme must always be at least equal to the contribution stipulated in the collective agreementcollectively agreed contribution, and they must at least provide the insured (or their dependants) with must be guaranteed at least an old old-age pension, cf. below, and a one-off sum of DKK 60,000 in the event of death or and disability. If these conditions are have not satisfied at the outsetalready been satisfied, the enterprise company must make efforts sure to ensure that modify the scheme is modifiedscheme. In connection with any future fu- ture modifications to the contribution levelslevel, the enterprise may company is entitled to withhold an amount of from the employee’s pay equal 's wages corresponding to the employee’s collectively agreed employee contribution to the pension scheme stipulated in the collective agreementscheme. At least 50 per cent 50% of the pension contribution to a pension scheme shall must be used for a lifelong benefit (annuity). Where However, where a pension is phased phased-in, payments shall first contributions must be made in advance to the insurance elements stipulated in the collective agreement, such so that the proportion share of the pension contribution to be used for an annuity may can be less than 50 per cent50%. The above requirement applies requirements apply to all pension schemes covered by the Shop Workers’ Collective AgreementAgreement for Shops. Pension agreements already entered into at enterprises companies covered by the collective agreementagreements, where the pension contribution to an instalment and/or capital pension pen- sion exceeds 50 per cent50%, may be retained. Similarly, agreements which deviate from the above entered into with parts of capital chains covered by the collective agreement agreements and members of Dansk Erhverv Arbejdsgiver that differ from the above may be retained maintained by subsequently entering into a collective agreement for shops/departments owned by the same capital chain that were are not covered by the collective agreement agreements at the outset. Enterprises Companies that will be covered by the collective agreement in the future – whether be they are current or future members of Dansk Erhverv Arbejdsgiver – will fall under have a pension pen- sion obligation from at the date on which time the collective agreement comes into force. The conditions under which condi- tions that existing pension agreements entered into for by such enterprises companies may be considered to satisfy the pension obligations laid down in of the collective agreement are that the agreements should have been entered into before the request demand for a collective agreement was made, that the conditions listed above concerning compliance with other agreements should be have been satisfied (requirements relating to the benefit structure), and that any modification to necessary adjustment of the agreements that may be needed should be is made no later than six 6 months after the collective agreement has entered into force. In groups, the same principles of for compliance with existing agreements shall apply as in enterprises companies in general general, in relation to accordance with this agreement. However, an enterprise in addition, a company within a group that is covered by the collective agreement but does not have an existing pension agreement may meet satisfy the pension obligation set out in obliga- tion under the collective agreement via an existing pension agreement applied elsewhere in the group. This shall However, this only apply, however, applies if this agreement is generally applied within the group, group and if the agreement in the enterprise concerned company in question covers all employees under the collective agreement in that enterprisecompany.